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Long-Term Rental Analysis
1267 E 58th St, Cleveland, OH 44103
$40,000 • 3 beds • 1 baths • sqft
This property could be a profitable Long-Term investment with a projected 90.71% first-year return on $8,400 initial cash invested.
Cash On Cash
90.71%
Cap Rate
27.24%
Rent
$1,200
Signal: Low
Cashflow
$635
Financing
Purchase Price $40,000
Downpayment 20.0%
Interest Rate 7.0%
Mortgage Duration 30yr.
Cash To Invest
Total $8,400
Downpayment $8,000
Closing costs $400
Rehab $0
Furnishing $0
Cashflow
Total Income $1,200
Total Expenses $565
Mortgage P&I $213
Property Taxes $26
Home Insurance $14
PManagement $120
CapEx $60
Vacancy $72
Maintenance $60
Other $0
Google Maps with the subject property comparables is loading...
| # | Comparable Property | Rent | Beds | Baths | SQFT | Distance |
|---|---|---|---|---|---|---|
| 1 | 6202 Superior Ave, Unit 1 | $1300 | 3 | 1 | 752 | 0.3 mi |
| 2 | 6212 Schade Ave, # Up | $650 | 3 | 1 | 1152 | 0.3 mi |
| 3 | 1427 E 61st St, Unit B | $900 | 3 | 1 | 2132 | 0.5 mi |
| 4 | 1427 E 61st St | $900 | 3 | 1 | 2132 | 0.5 mi |
| 5 | 1378 E 52 Front St, Unit Down | $795 | 3 | 1 | 825 | 0.5 mi |
| 6 | 6703 Bonna Ave, Unit House | $950 | 3 | 1 | 1050 | 0.6 mi |
| 7 | 6703 Bonna Ave | $900 | 3 | 1 | 0.6 mi | |
| 8 | 1557 E 43rd St, # 13 | $1200 | 3 | 1 | 1922 | 0.9 mi |
| 9 | 1365 E 43rd St, # 1 | $1350 | 3 | 1 | 1030 | 1 mi |
| 10 | 1023 E 68th St | $1195 | 3 | 1 | 1088 | 1.1 mi |
| 11 | 7617 Superior Ave | $960 | 3 | 1 | 1000 | 1.3 mi |
| 12 | 7701 Aberdeen Ave | $1295 | 3 | 1 | 1038 | 1.3 mi |
| 13 | 985 E 74th St, Unit Dn | $875 | 3 | 1 | 990 | 1.5 mi |
| 14 | 985 E 74th St, # Dn | $875 | 3 | 1 | 990 | 1.5 mi |
| 15 | 8002 Bellevue Ave | $1150 | 3 | 1 | 1232 | 1.7 mi |
| 16 | 7348 Hough Ave | $1525 | 3 | 1 | 1.6 mi | |
| 17 | 7350 Hough Ave | $1525 | 3 | 1 | 1.6 mi | |
| 18 | 7336 Hough Ave | $1525 | 3 | 1 | 1.6 mi | |
| 19 | 968 E 78th St | $1200 | 3 | 1 | 1.7 mi | |
| 20 | 1858 E 75th St | $1555 | 3 | 1 | 1.7 mi | |
| 21 | 8109 Medina Ave | $950 | 3 | 1 | 1380 | 1.7 mi |
| 22 | 8008 Simon Ave | $1500 | 3 | 1 | 1.7 mi | |
| 23 | 1378 E 85th St, Unit 2 | $1550 | 3 | 1 | 1.8 mi | |
| 24 | 966 Ida Ave | $1225 | 3 | 1 | 1111 | 1.9 mi |
| 25 | 966 Ida /Down Ave, Unit Up | $1700 | 3 | 1 | 1.9 mi |